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SoxFan

06/21/10 8:59 AM

#494092 RE: n4807g #494091

I don't thnk the Fed has to worry about close to zero interests rates now do you?
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extelecom

06/21/10 9:08 AM

#494095 RE: n4807g #494091

Absolutely!
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ordinarydude

06/21/10 9:39 AM

#494102 RE: n4807g #494091

"Hi Ordinary...do you suppose that the US citizenry will bestow the same treatment on their elected officials when the magnitude of our nations indebtedness hits home?..."

Probably not. Like most "wishy-washy" politicians in Washington DC these days...they will just shift their political beliefs to wherever/whomever is likely to "vote for them".....and that will "pacify" today's "voter"....as usual....

"...What if they don't pass a jobs bill? What if they do pass a jobs bill?..."

Passing a jobs bill would be key, but as we learned during the Great Depression, the WPA didn't solve everyone's woes---and it was even found unconstitutional by the Supreme Court (of which was packed full of FDR "friends" as well!!!!)

"...When do we reach that tipping point where the Treasury and FED don't control interest rates; no matter their respective policies? Greenspan believes it's fast approaching."

I hate cliches, but we passed the point of no return back in 2008. Unless we get invaded by a mass horde of cartoon-eyed, hairy-backed, hooked nosed spacemen.....we aren't going to see a return to "go-go days" of the "Lost Decade" anytime soon....

"....Have you bought your front row ticket? Many circus spectacles are coming into focus theses days."

I'm afraid, as taxpayers, we have already "purchased" front row seats in this "game show" the Federal Reserve, the Federal Government, MSM and Big Banks produced for us. The chickens are all beginning to come home to roost....however.....

An Ordinarydude who really hates cliches....but is forced to use them since he isn't "quite" awake yet....(blink blink)....
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StephanieVanbryce

06/21/10 12:36 PM

#494164 RE: n4807g #494091

The GREENSPAN FAILURES

Don't you think it's odd that Greenspan NOW after NINE years .. is worried about the "urgency to rein in budget deficits" ..?
Particularly AFTER he was 100 percent in favor of bush's budget-busting tax cuts for the wealthy with the following results ....



Let's see what else was a HUGE mistake by 'greenspan' .. oh yes - his ERROR on .. Regulation of the financial industry ..2008 greenspan

"I made a mistake in presuming that the self-interests of organizations, specifically banks and others, were such as that they were best capable of protecting their own shareholders and their equity in the firms."

Another thing about greenspan .. ALL through Clintons term (the 90s) he continually PREACHED the 'virtue' of fiscal restraint ...yet all through reagans 80s when the deficit was TRIPLED.. . .. STILL not a peep .. from alan . .. . NOW .. let's remember his performance when he was working for Charles Keating at Lincoln savings and loan as a consultant drawing huge FEES .. . What did he 'miss' then ... AGAIN ..(working for 'republicans') ? .. oh my .. even way back then .... he was still providing cover for financial crooks .. his own words AGAIN

Of course I'm embarrassed by my failure to foresee what eventually transpired," he said later. I was wrong about Lincoln. I was wrong about what they would ultimately do and the problems they would ultimately create.

So what do we have here with greenspan .. ? He has been cataclysmically wrong three times Here it is AGAIN ... 'greenspans' support of reagans triple and the 'bush' double of the deficit is ALL anyone needs to know about HOW to evaluate anything that comes out of his mouth.. Just a reminder ...greenspan was ALSO in favor of the bush SECOND tax cuts ..in 2005 AFTER we were involved in two wars ... TAKE another LOOK



.....It's obvious that Alan Greenspan's reputation is DIRT ..with those who know .... so FUNNY ..the 80s - deficits are good - (him & cheney) the 90s ...ooops FISCAL RESTRAINT puleeeze! the NAUGHTS ..Deficits just don't matter ..2009 OOOPS DEFICITS MATTER AGAIN ...! ......he's just another political hack who at one time had a little power to help the country from financial hardship and he MISSED THEM all ... .. I would suggest you listen to Krugman .. He called ALL of them RIGHT..